The global Polyurea Market size was robust in 2021 and is expected to register a steady revenue CAGR over the forecast period. One of the key factors driving market revenue growth is increased consumption of the material from industrial applications such as restaurants, clinics, commercial complexes, and others. They are used to cover the inside and outside of buildings, as well as to create ornamental and aesthetic glass mosaics. Porcelain tiles are bits of glass that have been molded into uniform forms. They have grown in popularity as field and accent tiles in recent years. This trend can be linked to recent technological advancements as well as the intrinsic features of tiles, notably their ability to impart strong color and reflect light, as well as their water resistance. These reasons are driving revenue growth of the market during the forecast period.
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Top Leading Players:
- PPG Industries, Inc. (U.S.)
- The Sherwin-Williams Company (U.S.)
- Nukote Coating Systems (U.S.)
- VersaFlex Incorporated (U.S.)
- Armorthane Inc. (U.S.)
- Wasser Corporation (U.S.)
- Rhino Linings Corporation (U.S.)
- Kukdo Chemical Co., Ltd. (South Korea)
- Voelkel Industrial Products GmbH (Germany)
- Teknos (Finland)
Strategies and Objectives of Major Companies:
On 2 March 2022, Rhino Lining Corp. announced the official launch of Graco’s new Reactor 3 product line. The Reactor 3 Electric Proportioner integrates the whole system to simplify operations, increase performance, and minimize maintenance, and is believed to be the most sophisticated spray foam and Polyurea system across the globe, according to Rhino Lining Corp.
In February 2019, PPG spent USD 10 million on a new 82,000-square-foot building and Class A paint line at its coatings services business in South Carolina. This effort was launched in response to the growing demand for Class A coatings in the automotive and big truck sectors.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Key questions covered in the global Polyurea Market report:
- What is the expected market size of the global Polyurea Market during the forecast period?
- What factors are expected to hamper global Polyurea Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Polyvinyl Alcohol market?
Segments covered in the report:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Aromatic Isocyanate
- Aliphatic Isocyanate
Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Building & Construction
- Transportation
- Industrial
- Other
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